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4 X, B( [3 e3 J# C7 rEDMONTON JOURNAL MAY 8, 2013
4 a/ [ Z& O, f C( |' EHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier." K9 W; p5 m3 y& D) r8 m
Photograph by: John Lucas, file , Edmonton Journal
) U5 c C( R+ S( A# H3 [$ EEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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1 u/ v, L# H9 C+ A, S6 V! HBuilders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.
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6 W. A8 b3 X, B, p1 ]6 o" c# NHousing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.8 ^ C: \" J+ M
- \9 W# P6 T9 x1 ^The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.6 z8 a7 W. Z& H# y/ _
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.% u5 N) L# I% ^! A
L8 F, a& B0 JConsumers remain confident despite a moderating pace of economic growth, he said.$ Q9 ^, A/ Q: y* Y8 `
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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1 {8 }1 |8 x& X! }- [* M© Copyright (c) The Edmonton Journal |
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